Applications For Contractor & Freelancer PPP Loans Begin On Friday: Here’s What The Self-Employed Should Know

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The PPP loans are capped at a 4% interest rate (but will begin commonly with a half-percent interest rate) and have a 10-year loan term with no prepayment charge, and a 6-month payment deferral. As an independent professional or freelancer, you will need to gather the needed documentation required to get your loan moving. Hyperlinks to apply for PPP Loans are offered on their site.

The PPP loans are topped at a 4% interest rate (but will begin widely with a half-percent interest rate) and have a 10-year loan term with no prepayment charge, and a 6-month payment deferment. As an independent professional or freelancer, you will need to collect the essential documents needed to get your loan moving. The loan needs your returns for processing and calculating your loan amount. As a next resource, examine out the SBA Preferred Lending Partners. Links to apply for PPP Loans are readily available on their site.

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